So, apparently, Bitcoin miners are…quitting. Like, mass exodus level quitting. According to some very serious “on-chain data” (which sounds impressively sci-fi, doesn’t it?), things have been a little rocky since November 2025. It’s basically a cryptocurrency version of everyone realizing their New Year’s resolutions are doomed.
Bitcoin difficulty has been consistently dropping since November, which likely means that miners are tapping out or switching to other kinds of business.
Unfortunately, the profitability of miners still in the game has not really changed.– Brady Dale (@BradyDale) January 26, 2026
And yet, despite all this “tapping out,” the folks still doing it aren’t exactly raking it in. It’s like, you’d think fewer players would mean more for everyone else, but…Bitcoin. Go figure.
The Great Unplug
The charts are pretty dramatic, like a really depressing line graph. Difficulty, which apparently is a thing, peaked in November 2025 and has been steadily declining since. It’s like watching your 401k in real-time. And when miners leave, it gets easier, which you’d think would be good, but no. Because reasons. Mostly electricity bills, I assume.
Apparently, things got financially awkward in October. Profits just…vanished. It’s a drop from paying about $49 per… whatever PH/s is… to a measly $35. That’s like going from a nice dinner to a vending machine snack.
The really cruel part? Difficulty goes down, should improve profitability, but… barely a blip. They’re getting a bigger slice of a very sad, small pie. Talk about a zero-sum game.
Where are they going?
Well, they’re pivoting, obviously. Because when life gives you a failing cryptocurrency mine, you become an AI data center. Turns out, high-performance computing (HPC) contracts are paying more. Who knew? It’s like discovering there’s a better job with benefits.
Honestly, it’s a straightforward choice: keep losing money mining pretend gold, or lease your power to robots for actual profit. I think we all know which one I’d pick.
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2026-01-27 09:02